About the position
Kforce is seeking a Benefits Director to join our team in Reston, VA. This pivotal role is responsible for the design, delivery, and administration of both domestic and international self-funded benefit plans. The Benefits Director will oversee a comprehensive range of programs including medical, pharmacy, dental, life, and disability insurance. A key aspect of this position involves ensuring compliance with various regulations such as HIPAA, ERISA, and COBRA. The Benefits Director will also be tasked with preparing necessary documentation and filings, including 5500s and Summary Plan Descriptions (SPDs), while maintaining up-to-date benefit plan documents. In addition to compliance and documentation, the Benefits Director will review vendor contracts to ensure that they contain effective and appropriate terms. This role will lead key benefits initiatives and process enhancements, acting as the primary escalation point for complex benefit plan issues. Effective communication is crucial, as the Benefits Director will oversee benefit communication efforts to convey the value and significance of the benefits offered to employees. Building strong relationships with vendor contacts, outside benefits consultants, auditors, and brokers is essential, as is serving as a key liaison with internal stakeholders. The Benefits Director will continually evaluate existing programs by utilizing competitive data, industry trends, and cost analysis. This includes performing market benchmarking to ensure the competitiveness of plan designs and making recommendations for enhancements or improvements. This role is integral to the strategic management of the company's benefits offerings, ensuring they meet the needs of employees while aligning with organizational goals.
Responsibilities
- Responsible for design, delivery, and administration of self-funded domestic and international benefit plans to include medical, pharmacy, dental, life and disability programs
- Ensures compliance (HIPAA, ERISA, COBRA, and other privacy regulations), oversees preparation of appropriate documents and filings as required (i.e. 5500s, SPDs, Annual notices, etc.) and reviews and maintains benefit plan documents (SPDs, Summary of Coverage, etc.)
- Reviews vendor contracts to ensure effective and appropriate terms are in place
- Leads key benefits initiatives and process enhancements, serving as key escalation point for complex benefit plan issues
- Oversees benefit communication efforts to effectively convey the value and significance
- Collaborates with and builds strong relationships with all vendor contacts, outside benefits consultants, auditors and brokers and serves as key liaison with internal stakeholders
- Continually evaluates existing programs using competitive data, industry trends and cost analysis; Performs market benchmarking to ensure competitiveness of plan designs; Makes recommendations for enhancements or improvements
Requirements
- Bachelor's degree or equivalent work experience
- 10+ years of progressively more responsible experience with broad spectrum of Benefit Programs that includes hands-on experience reviewing contracts for self-funded plans including pharmacy plans
- Vendor experience, clinical experience, and/or CEBS certification preferred
Benefits
- Comprehensive benefits including medical/dental/vision insurance
- Health Savings Account (HSA)
- Flexible Spending Account (FSA)
- 401(k)
- Life, disability & ADD insurance
- Paid time off for salaried personnel
- Paid sick leave for hourly employees on a Service Contract Act project
